Annapolis, MD, January 9, 2026
Baltimore-based Atlas Restaurant Group has acquired a majority stake in the popular Boatyard Bar & Grill in Annapolis. The acquisition aims to enhance operations while ensuring the establishment’s essence remains unchanged with the involvement of its founder and general manager. This marks Atlas’s fifth venture in Annapolis as it continues to expand its footprint in the area, with plans for more locations.
Atlas Restaurant Group Acquires Majority Stake in Boatyard Bar & Grill in Annapolis
ANNAPOLIS, MD — Baltimore-based Atlas Restaurant Group has acquired a majority stake in the Boatyard Bar & Grill, a popular establishment in Annapolis. The deal is expected to close in February 2026.
Details of the Acquisition
Atlas Restaurant Group aims to enhance Boatyard Bar & Grill’s operations by providing access to its marketing reach, brand presence, bulk purchasing channels, and operational support. Despite the acquisition, the Boatyard’s founder, Dick Franyo, and general manager Kevin Schendel will remain involved in the business. Franyo emphasized that the partnership focuses on long-term continuity, assuring patrons that the essence of the Boatyard will remain unchanged.
Atlas Restaurant Group’s Expansion in Annapolis
This acquisition marks Atlas Restaurant Group’s fifth venture in Annapolis. The company already operates The Choptank at City Dock and is expanding further in the area. Plans include opening Marmo, an Italian chophouse, and Armada, a tequila bar and cantina, in the former Pusser’s Caribbean Grille space. Additionally, a location of The Admiral’s Cup is set to open in the Stevens Hardware building later this month.
Background on Boatyard Bar & Grill
Established in 2001, Boatyard Bar & Grill is a well-known waterfront restaurant in Annapolis, recognized for its nautical-themed décor and community events. The establishment has been a staple in the local dining scene, offering a variety of seafood dishes and live music.
Atlas Restaurant Group’s Growth
Founded in 2012, Atlas Restaurant Group has expanded its presence significantly, operating numerous restaurants across the Mid-Atlantic region. The group’s portfolio includes concepts like Ouzo Bay, The Choptank, and Loch Bar, with locations in Baltimore, Annapolis, and other cities.
Conclusion
Atlas Restaurant Group’s latest acquisition signals a robust confidence in the Annapolis dining market and a commitment to enhancing local culinary experiences. By promoting brand continuity while providing operational support, Atlas is well-positioned to blend its innovative strategies with the beloved local flavors of the Boatyard Bar & Grill. This partnership not only enhances the dining scene in Annapolis but also uplifts the local business community by supporting established entrepreneurs in their ventures. It’s an exciting time for both the restaurant landscape and patrons eager for what’s to come.
FAQ
- What is the Boatyard Bar & Grill?
- Established in 2001, Boatyard Bar & Grill is a popular waterfront restaurant in Annapolis, known for its nautical-themed décor and community events. It offers a variety of seafood dishes and live music, making it a staple in the local dining scene.
- What is Atlas Restaurant Group?
- Founded in 2012, Atlas Restaurant Group is a Baltimore-based hospitality company that operates numerous restaurants across the Mid-Atlantic region. Its portfolio includes concepts like Ouzo Bay, The Choptank, and Loch Bar, with locations in Baltimore, Annapolis, and other cities.
- What other restaurants does Atlas Restaurant Group operate in Annapolis?
- In addition to The Choptank at City Dock, Atlas Restaurant Group is expanding its presence in Annapolis with plans to open Marmo, an Italian chophouse, and Armada, a tequila bar and cantina, in the former Pusser’s Caribbean Grille space. A location of The Admiral’s Cup is also set to open in the Stevens Hardware building later this month.
Key Features of the Acquisition
| Feature | Description |
|---|---|
| Acquiring Company | Atlas Restaurant Group |
| Acquired Establishment | Boatyard Bar & Grill |
| Location | Annapolis, MD |
| Closing Date of Deal | February 2026 |
| Operational Changes | Enhanced marketing, operational support |
| Founder’s Role | Remains involved in the business |
| Other Ventures in Annapolis | Marmo, Armada, and The Admiral’s Cup |
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